Lease Beat: 7.15.09

Hiscox, the British indemnity firm that insures everything from fancy jewels to offshore oil platforms, has signed a new, 23,411-square-foot lease at 520 Madison, and will move in just as soon as landlord Tishman Speyer finishes building out the space. The lease for the 32nd floor lasts a whopping 15 years. CB Richard EllisLaurence Briody and George Comfort & SonsGiorgio Versea represented Hiscox in negotiations with Tishman Speyer reps Calvin Farley and Megan Sheehan.


The U.K. company that bills itself as the world’s leading carbon offset and management firm is relocating to the Mercantile Building at 10 East 40th Street, which is an awfully pretty tower, even if there is nothing particularly green about it. CarbonNeutral Company has signed an eight-year sublease for 5,000 square feet on the building’s 31st floor. The Lansco Corporation’s Nick Zarnin and Howard Dolch represented CarbonNeutral in negotiations with Newmark Knight Frank's Eric Zemachson and Chris Mongeluzo, who repped landlord Joseph P. Day Realty Corporation.


Y&Z World Development Inc., which, despite its global-domination nomenclature, is actually a women’s, children’s and infant’s clothing and accessory company, has signed a seven-year, 4,606-square-foot lease for new executive offices and a showroom at 463 Seventh Avenue. David Levy and Jeffrey Buslik of Adams & Co. Real Estate represented both Y&Z and landlord the Arsenal Company.


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